Patreon's new Tax Policy (Patreon)
Published:
2020-05-24 08:01:28
Imported:
2021-02
Content
On July 1st they'll be charging a small tax on top of what you usually pledge. It depends on area. Say you pay $10. If there's a 10% tax rate, then you'll be paying $11 per month. It's no problem if you're only pledged to a few people, but if you're the type to support many others then it may get outta hand. You're free to adjust your rates until you're sure of what you wanna pay. Coronavirus ain't leaving soon so if you need the cash I understand.
https://support.patreon.com/hc/en-us/articles/360043055071-New-Sales-Tax-Requirements-on-Patreon#h_5f4e31eb-d80c-4a8c-9025-793ca312b8c9
This link contains the tax rates based on areas when you scroll down. If you support a lot of artists I think you'd best take a look.